Weebit Nano finds an Aussie director to resume trading

Jun 29, 2023 – 2.14pm

Weebit Nano has elevated its company secretary to its board, resolving a governance shortfall that caused shares in the chip manufacturer to be suspended when director Fred Bart resigned on Tuesday and the company couldn’t meet its statutory quota of board members.

The installation of an acting director ends a bizarre chapter for Weebit Nano, one of the fastest rising stocks on the ASX this year. Mr Bart’s abrupt resignation, effective immediately, left the board without enough Australian directors – at least two Australian residents – to comply with the Corporations Act.

Weebit Nano shares sank 17.9 per cent to $5.70 on Tuesday before the market operator suspended it. Its shares resumed losses on Thursday, trading down 1.75 per cent to $5.60.

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Source:
https://www.afr.com/technology/weebit-nano-finds-an-aussie-director-to-resume-trading-20230629-p5dkdb

*Wild swings in pps on higher than normal volume due to Directors unexpected immediate departure/resignation.

Marker:
WBTNF
$3.70 -0.10 (-2.63%)
Volume: 97,809
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Marker:
WBTNF
$5.00 0.51 (11.4%)
Volume: 3,156

GLOBE NEWSWIRE

Weebit Nano to present recent ReRAM-based developments at the International Memory Workshop (IMW) 2023

Marker:
WBTNF
$4.00 -1.00 (-20.00%)
Volume : 200

Marker:

WBTNF
$5.20 0.40 (8.3%)
Volume: 2,700

*Added 2,000 @$5.20
ASX volume last night was 1.5M

Weebit Nano "ready for production" with ReRam technology

Melbourne, Victoria | April 28, 2023 12:15 PM Eastern Daylight Time

Weebit Nano Ltd (ASX:WBT) (OTC: WBTNF) CEO Coby Hanoch speaks to Thomas Warner from Proactive about progress in bringing its resistive random access memory (ReRAM) solutions to the market. Hanoch says that Weebit Nano has been developing its technology for eight years and is now "ready for production" and that the focus of the company is on getting out to the market and generating revenue.

Source:
https://newsdirect.com/news/weebit-nano-ready-for-production-with-reram-technology-110749776

Marker:
$4.80 0.25 (5.5%)

*Weebit Nano is an Israeli company that trades on the Australian Stock Exchange (ASX) and in the US on the OTC.

Marker:

WBTNF
$4.55 0.56 (14.04%)
Volume: 550

*Move was on minimal volume

Weebit Nano raises $40M to break ReRAM resistance

April 25, 2023

Startup Weebit Nano has raised $40 million to boost sales of its ReRAM non-volatile memory.

We call it a startup although it IPO’d on the Australian stock exchange in 2016 just one year after being founded to develop ReRAM technology invented and patented by Rice University’s Professor James Tour, an unusual route for an Israeli startup. It merged with Radar Iron in Australia and so gained an Australia Securities Exchange presence. It has raised money since by share placements rather than VC funding rounds, as has just happened with this $40 million gained from selling 12 million shares to international institutional investors and existing shareholders.

A statement from CEO Coby Hanoch said: “Our first ReRAM product is now available to customers through SkyWater Technology, and we are in advanced discussions with many leading fabs and integrated device manufacturers. Funds raised, combined with our strong balance sheet of approximately US$31 million cash at the end of December 2022, ensure we are well placed to transfer and qualify our ReRAM technology in Tier-1 fabs and foundries to capitalize on the growing global need for better performing memory technology.”

[....]

Source:
https://blocksandfiles.com/2023/04/25/weebit-nano-reram-funding/

Marker:
$3.75 up 0.25 (7.1%)
Volume: 7,400

*By another name this was a "Rights offering". The added shares were sold to existing shareholders for $5 @ share. Current market price is $3.75.
IMO a window of opportunity exists in that a new retail investor could buy in now at a nice discount to what they paid.

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Marker:

WBTNF
$3.50 0.00 (0.00%)

*What has this company "stuck in neutral"? It's a couple of things..1) turmoil in the middle east and 2) this is a development company in that awkward stage awaiting it's first material operational revenue from the licensing of its intellectual property.. or direct sales of its memory chips. So we wait.

Market:

WBTNF
$3.46 0.15 (4.53%)
Volume: 540

*Move was on negligible volume

** Tensions around the globe but particularly the ones ramping up in the Middle East is causing Israeli companies to be highly unstable.

Marker:

WBTNF
$3.30 0.00 (0.00%)
Volume: 10,445

Marker:

WBTNF
$3.60 0.60 (20.0%)
Volume 1,100

*Up 20% but on very light volume

**The next Graphene based product Dr. Tour was instrumental in developing is the latest in lithium battery technology. The name of the company will be Zeta Energy. One of the highlights of this technology is it does not require Cobalt. Zeta Energy is not yet public but I will be looking for their IPO.

I watched the video. I also checked out the company's website.
https://www.weebit-nano.com/investors/asx-announcements/

Marker:

WBTNF
$3.00 -0.40 (-11.76%)
Volume: 2,554

*Reminder: WBTNF is an Israeli company. Recent and massive political and social unrest in that country has caused a fall in stock prices across the board. The future is unknown for the current situation.
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56Chevy, I hate I just saw your message. I agree with that which you stated.

Marker:

WBTNF
Weebit Nano Ltd (PK)
$3.40 -0.40 (-10.53%)
Volume: 11,320

Another company Dr. Tour's nano technology discoveries to REALLY keep an eye on is called:

Universal Matter

ABOUT UNIVERSAL MATTER

Universal Matter has developed cleaner, faster, and less expensive technology to commercialize graphene, a carbon-based nanomaterial with multiple applications. Our proprietary Flash Joule Heating process can convert inexpensive carbon sources into ultra-thin graphene layers with an almost unlimited number of applications.

Headquartered in Burlington, Ontario, Canada, with U.S. headquarters in Houston, Universal Matter’s vision is to build on its strong R&D foundation to scale its production process and become the world’s leading supplier of lower cost and higher quality graphene materials from petcoke, agricultural feedstocks, recycled plastic, recycled rubber and coal.

Currently this is not a public company. Dr Tour holds the patents..he tried to get American companies (specifically headquartered in Houston because he lives there and plans to continue teaching at Rice University) to get involved and run with this truly mind boggling technology that turns ANY carbon based object into Graphene. No takers in Houston stepped up so they put together a group out of Canada. Just so you know what we're talking about when you hear the word 'Graphene' it is just one atom thick (or thin, depending on how you think about it), graphene is among the strongest materials in the known universe, with 100 times the strength of steel, an astonishing amount of flexibility, and a whole lot of other talents lurking beneath the surface.

Since Universal Matter Ltd is not yet public company I plan to track its progress and activity here on the WBTNF board.

Marker:
WBTNF
$3.60 -0.40 (-10.00%)
Volume 1,520

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Marker:

WBTNF
Weebit Nano Ltd (PK)
$3.75 -1.05 (-21.87%)
Volume: 3,905

*Moves like this on no news are the new normal on Wall St.

Advisory Board to Weebit Nano

Prof. James Tour

Professor Tour is a Professor of Materials Science, Nano Engineering and Computer Science at Rice University in Houston, Texas. He is renowned for his work in molecular electronics and molecular switching molecules. Prof. Tour holds more than 60 US patents and has authored over 500 publications. He was named among “the 50 most Influential Scientists in the world today” in 2014 and was selected as Scientist of the Year by R&D magazine in 2013. Prof. Tour was inducted to the National Academy of Inventors in 2016.

Weebit Nano is a public semiconductor IP company founded in Israel in 2015 and headquartered in Hod Hasharon, Israel.

Marker:
Weebit Nano Ltd (PK)
$4.94 0.00 (0.00%)
Volume: 20

52 Week Range $1.30 - $9.92

Marker 6 months ago;
$1.30

*My investing interest is due to the inventor Dr. James Tour of Rice University.
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